Scots Companies Advised to Seek Growth Through Acquisitions

Summary

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SCOTTISH companies should be looking for takeover targets on the fast-growing Alternative Investment Market (Aim) in 2005, according to a leading business adviser.

Alec Carstairs, head of mergers and acquisitions in Scotland for accountants Ernst & Young, said there are a number of listed companies ripe for takeover. This could involve a similar approach to that used in the bid lodged by developer Elphinstone for Aim- listed livestock business UA Group.

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Extract

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Scots Companies Advised to Seek Growth Through Acquisitions

Carstairs, an adviser to Elphinstone, explained: "UA Group was a company where the share price was not very liquid; there was very little trading in it....

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